The agreement of the Eurogroup was the most crucial step for the conclusion of the program review, government spokesman Dimitris Tzanakopoulos said on Tuesday during a press briefing. He accused main opposition New Democracy of not being affected by these positive developments and insisting on a paradoxical line of questioning reality itself and continuing […]

Greek President Pavlopoulos is in Riyadh from Monday afternoon for a two-day official visit, accompanied by Greek Foreign Minister Nikos Kotzias, Minister of Mercantile Marine and Island Policy and the Deputy Foreign Minister for European Affairs George Katrougalos. Prokopis Pavlopoulos met with the successor to the Saudi throne Deputy Prime Minister and Interior Minister […]

Prior to a crucial Eurogroup meeting on Monday evening, an agreement was reached an agreement was reached during a meeting in Brussels, in which participants included Greek Finance Minister Tsakalotos, Eurogroup president Jeroen Dijsselbloem, European Financial Affairs Commissioner Pierre Moscovici, Eureopean Stability Mechanism chief Klaus Regling and other representatives of Greece’s creditors. The Greek […]

The President of Greece Prokopis Pavlopoulos will be in Saudi Arabia on a two-day official visit on February 21-22 at the invitation of King of Saudi Arabia Salman bin Abdul Aziz Al Saud. The Greek president will be accompanied by numerous ministerial delegations including Greek Foreign Minister Nikos Kotzias. The visit to Saudi Arabia, […]

Greek Finance Minister will attend a crucial Eurogroup meeting on Monday hoping for “a political agreement” to wrap up the review of its bailout program, having pointed out in recent weeks that “delays are not in the benefit of Greece or Europe”. Over the last few days, deliberations have continued between Greek government officials and […]

Foreign direct investment in Bulgaria in 2016 stood at 682.8 million euro, the equivalent of 1.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 17. In 2015, FDI was 1.69 billion euro, but the original amount reported by BNB last year was 1.57 billion […]

News reports have emerged in Greece suggesting the country’s government could be prepared to allow talks with creditors to continue beyond March. Greek Finance Minister Euclid Tsakalotos and European Financial Affairs Commissioner, Pierre Moscovici, discussed a “package” of measures on Wednesday that could unblock the stalled review of the Greek bailout program. According to […]

The political crisis that continues in FYROM as a result of the failure to form a government following the 11 December elections is preventing economic growth. Experts of economic affairs say that political developments affect economic growth. According to the projections of the current interim government, economic growth for 2017 is predicted to be 3,5%. The […]

“The growing political insecurity relating to the June 2017 parliamentary elections may affect consumption and investments”, says the economic projection The European Commission has published the Winter economic projection for EU member countries and associate member countries. The summary on Albania stresses that “domestic demand remains the only ‘remedy’ of the country’s economy. The gradual […]

The leader of the Democratic Party, Lulzim Basha promises a reduction of taxes for businesses and the reintroduction of the flat tax, but this time at a rate of 9% or 1% less than during the eight years in office of the former right wing PM, Sali Berisha. Mr. Basha promised that once the DP […]